While my school has been on spring break, I've been out of town attending to some personal business. I've been out of touch and, as I hope you've noticed, I've not been posting since Monday.
Anyway, I get back home today and start checking around and find a financial crisis. While I have no idea what is going on, here's one explanation that seems plausible to me. Hopefully, more will come out this weekend and a clearer picture will available on Monday.
Thanks and a HT to Tyler Cowen at Marginal Revolutin for the lead.
I look forward to any comments or ideas you may have.